Summary Of Uber And The Great Taxicab Collapse

While viewing the video “Uber and the Great Taxicab Collapse”, some conclusions are easily drawn by comparing Uber and Lyft to a Taxi Cab Company. Immediately the regulation placed on the Taxi Cab Company places the business at a serious disadvantage, because it must follow the local and state law to operate the business. Consequently, the Taxi Cab Company has a physical presence and location, while Uber and Lyft do not.

In comparison Uber and Lyft are not required to follow the same regulations because they operate by using independent contractors to perform the operation of the ride service. The rules are different for Uber and Lyft because they do not have a physical location of business, and therefore are not required to follow local and